On July 31, 201X, Steven Corporation had the following stockholders’ equity:
Common Stock, $14 par value, authorized 90,000 shares, 55,000 shares
issued and outstanding ............... $770,000
Retained Earnings ................. 170,000
Total Stockholders’ Equity ............... $940,000

On August 5, 201X, the board of directors declared a 13% stock dividend to be issued on September 6, 201X, to the stockholders of record on August 19, 201X. At time of declaration the market price was $26 per share. Prepare the appropriate journal entries for this stock dividend.